Here's our 2022 list of the top U.S. dealership groups - Automotive News On the other hand, the higher percentage of cash sales and leases in the luxury car market means that the finance and insurance business is present in a lower proportion of PAGs gross profit. For several years, these loans equaled or exceeded the interest paid on the bonds. A sharp decline in revenue generated by the company's used vehicle operations is particularly eye-opening as the revenue from used vehicles in both retail automotive sales and retail commercial truck sales dropped substantially in Q1, with the former reporting a 23% decline and the latter reporting a 51% plummet. Service de qualit. 2 spot and knocking on the door of No. The impact of Brexit fears on the British pound also reduced PAGs dollar-denominated earnings. "We're not going to go to new markets all of a sudden," Penske said, speaking this month on the sidelines of the Detroit auto show. 48207-2997, Automotive News See more newsletter options at autonews.com/newsletters. PAG also LUXOFT: How are software-defined vehicles disrupting the automotive industry? NEXTEER AUTOMOTIVE AND ETAS INC: Software-defined vehicles will transform auto industry, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? Not too shabby! 1 dealership group, based on acquisitions, Dealership rankings get shuffled after acquisitions, How the Automotive News top 150 dealership group ranking is compiled, Asbury Automotive Group finalized its purchase in mid-December, flurry of both smaller deals and megadeals, Sonic Automotive Group Inc. acquired last year's No. Il doit galement proposer des options possibles pour le rparer. Automotive News' annual ranking of the largest U.S. dealership groups Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. Its flagship dealership, Longo Toyota in El Monte, California is the world's largest dealership and has been the #1 Toyota retailer in the United States since 1967.
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